XIII. Provisions, Contingent Liabilities and Contingent Assets:
Provision is recognized when the Company has a present obligation (legal or constructive) as a result
of past events and it is probable that the outflow of resources will be required to settle the obligation
and in respect of which reliable estimates can be made.
A disclosure for contingent liability is made when there is a possible obligation that may, but probably
will not require an outflow of resources. When there is a possible obligation or a present obligation
in respect of which the likelihood of outflow of resources is remote, no provision/ disclosure is made.
The Company does not recognize a contingent liability but discloses its existence in the financial
statements.
Contingent assets are not recognized in the financial statements. Provisions and contingencies are
reviewed at each balance sheet date and adjusted to reflect the correct management estimates.
If the effect of the time value of money is material, provisions are discounted using a current pre-tax
rate that reflects, using a current pre-tax rate that reflects, when appropriate, and the risks specific to
the liability. Commitments include the amount of purchase order (net of advances) issued to parties
for completion of assets. Provisions, contingent liabilities, contingent assets and commitments are
renewed at each balance sheet date.
XIV. Cash and Cash Equivalents
Cash and cash equivalent comprise cash on hand and demand deposits with banks which are short¬
term, highly liquid investments that are readily convertible into known amounts of cash and which
are subject to insignificant risk of changes in value.
XV. Leases
As per Ind AS 116 "Leases", the determination of whether an arrangement is (or contains) a lease
is based on the substance of the arrangement at the inception of the lease. The arrangement is, or
contains, a lease if fulfilment of the arrangement is dependent on the use of a specific asset or assets
and the arrangement conveys a right to use the asset or assets, even if that right is not explicitly
specified in an arrangement.
As a lessee
The Company recognize right-of-use asset representing its right to use the underlying asset for the
lease term at the lease commencement date. The cost of the right-of-use asset measured at inception
shall comprise of the amount of the initial measurement of the lease liability adjusted for any lease
payments made at or before the commencement date less any lease incentives received, plus any
initial direct costs incurred and an estimate of costs to be incurred by the lessee in dismantling and
removing the underlying asset or restoring the underlying asset or site on which it is located. The
right-of-use assets is subsequently measured at cost less any accumulated depreciation, accumulated
impairment losses, if any and adjusted for any re-measurement of the lease liability. The right-of-use
assets is depreciated using the straight-line method from the commencement date over the shorter
of estimated lease term or useful life of right-of-use asset.
Right-of-use assets are tested for impairment whenever there is any indication that their carrying
amounts may not be recoverable. Impairment loss, if any, is recognized in the statement of profit
and loss.
The lease liability is initially measured at amortized cost at the present value of the future lease
payments. The lease payments are discounted using the interest rate implicit in the lease or, if not
readily determinable, using the incremental borrowing rates in the country of domicile of these leases.
Amortization on Right to use assets
Amortization is provided on straight line method over the useful life of asset as assessed by the
management. Amortization is charged on pro-rata basis for asset purchased/sold during the year.
The exception permitted in Ind AS 116 for low value assets and short-term leases has been adopted
by Company.
XVI. Exceptional items
Certain occasions, the size, type or incidence of an item of income or expense, pertaining to the
ordinary activities of the Company is such that its disclosure improves the understanding of the
performance of the Company, such income or expense is classified as an exceptional item and
accordingly, disclosed in the notes accompanying to the financial statements.
XVII. Discontinued Operation
A discontinued operation is a component of an entity that either has been disposed of, or is classified
as held for sale and that represents a separate line of business or geographical area of operations,
is part of single coordinated plan to dispose of such a line of business or area of operations, or is
a subsidiary acquired exclusively with a view to resale. The results of discontinued operations are
presented separately in the statement of profit and loss.
XVIII. Segment Reporting
As per IND AS 108 An operating segment is component of the company that engages in the business
activity from which the company earns revenues and incurs expenses, for which discrete financial
information is available and whose operating results are regularly reviewed by the chief operating
decision maker, in deciding about resources to be allocated to the segment and assess its performance.
The company's chief operating decision maker has identified Two business segment as a reportable
segment. The Business Segment comprise 1. Media and Allied Business 2. Technology and Allied
Business Segment.
Revenue and expenses directly attributable to segments are reported under each reportable
segment. All other expenses which are not attributable or allocable to segments have been disclosed
as un-allocable expenses.
Assets and liabilities that are directly attributable or allocable to segments are disclosed under each
reportable segment. All other assets and liabilities are disclosed as un-allocable.
The company prepares its segment information in confirmity with the accounting policies adopted
for preparing and presenting the financial statements of the company as a whole.
XIX. Application of New Accounting Pronouncements:
The Company has applied following Ind AS pronouncements pursuant to issuance of the Companies
(Indian Accounting Standards) Second Amendment Rules, 2025 with effect from 1st April, 2025:
a, Ind AS 7 - Statement of Cash Flows and Ind AS 107 - Financial Instruments: Disclosures: The
amendment requires disclosure of the effects of supplier finance arrangements on the Company's
liabilities, cash flows and exposure to liquidity risk. The Company has assessed the impact of
such arrangements on the financial statements. The company does not have any supplier finance
arrangement as on reporting date.
b. Ind AS 1 - Presentation of Financial Statements: The amendments primarily impact classification
of liabilities. In accordance with the amendments, the requirement of classification of liabilities as
non-current based on the existence of a right to defer settlement for at least 12 months after the
reporting date has been revised to require that such right must exist, with substance, at the end
of the reporting period. The amendments also require assessment of compliance with covenants
for the purpose of classification of liabilities, along with enhanced disclosures. The Company
has assessed the impact of these amendments and has applied the revised requirements for
classification of liabilities as current or non-current including compliance with covenants, where
applicable.
c. Ind AS 12, International Tax Reform - Pillar Two Model Rules applicable immediately - The
amendments provide a temporary mandatory relief from deferred tax accounting for top-up tax
and disclose that they have applied the relief. This relief is immediate and applies retrospectively.
The Company has no impact of these amendments in its financial statements.
XX. New Amendments yet not effective and not yet adopted by the Companyi. Ind AS 118 — Presentation and Disclosure in Financial Statements:
NFRA has recommended Ind AS 118 which will supersede Ind AS 1. This standard is expected to be
applicable for annual reporting periods beginning on or after 1 April 2027, subject to notification by
the MCA. The standard introduces significant changes to the statement of profit and loss including:
• Mandatory classification of income and expenses into defined categories — operating, investing,
financing, income taxes, and discontinued operations
• New required subtotals such as Operating Profit and Profit before Financing and Income Tax
The Company is currently evaluating the impact of this standard on its financial statements.
2.4 Significant accounting judgements, estimates and assumptions
The preparation of financial statements requires management to make judgements, estimates
and assumptions that affect the reported amounts. The areas involving significant judgement or
estimation uncertainty are:
• Expected credit losses on trade receivables and loans (Notes 9, 39) — estimation of the
provision matrix and forward-looking factors;
• Recoverability of deferred tax assets (Note 19) — assessment of probable future taxable
income against which unused losses/credits can be utilised;
• Impairment of the investment in associate carried at cost and of intangibles (Notes 4, 3) —
assessment of indicators and estimation of recoverable amounts;
• Defined benefit obligations (Note 32) — actuarial assumptions such as discount rate, salary
escalation and mortality;
• Useful lives of property, plant and equipment and intangible assets (Note 3); and Provisions
and contingent liabilities (Note 30) — assessment of the probability and magnitude of outflows,
including litigation.
3.1 Capital Work in Progress and its Ageing:
There is no capital work in progress as on March 31 2026 and March 31 2025. Accordingly, ageing of
CWIP is not applicable.
3.2 Details of Benami Property Held:
There are no proceedings which have been initiated or pending against the Company for holding any
benami property under the Benami Transactions Prohibition Act, 1988 and rules made thereunder.
3.3 Revaluation of Property, Plant and Equipment and Intangible Assets:
The Company has not revalued its Property, Plant and Equipment and Intangible assets during the
year as well as in previous year.
3.4 Title deeds of Immovable Property not held in the name of the company:
All title deeds of immovable properties are held in the name of the company.
3.5: There is no Intangible Assets Under Development as on March 31,2026 and March 31,2025
4.1 During the current year, the company has exercised its right to convert its existing investment
of Preference shares and Compulsory conversion of Debenture amounting to Rs. 1675.00 lakhs into
equity shares of Gujarat News Broadcasters Private Limited (GNBPL). Upon conversion of existing
preference shares and CCDS; the company acquires additional 21.93% equity share capital of GNBPL
thereby increasing its overall shareholding into GNBPL to 36.85%. Accordingly, GNBPL becomes
associate company of the company w.e.f. December 4, 2025.
4.2 The Company had opted to measure its investments in subsidiaries and associate at cost in ac¬
cordance with Ind AS 27.
9.1 No trade or other receivable are due from directors or other officers of the company either sever¬
ally or jointly with any other person, nor any trade or other receivable are due from firms or private
companies in which director is a partner, a director or a member.
9.2 Refer to Note No. 34 for related party transactions and outstanding balances.
9.3 Allowance for Doubtful Debts
Company has analysed any allowance for doubtful debts based on Lifetime Expected Credit loss
model. - Refer Note -39
B. Terms/Rights attached to the equity shares
• The Company has only one class of equity shares having a par value of ? 1/- per share. Each
Shareholder is eligible for one vote per share. The dividend proposed by the Board of Directors,
if any, is subject to the approval of shareholders, except in case of interim dividend.
• In the event of liquidation of the company, the holders of shares shall be entitled to receive the
remaining assets of the company, after distribution of all preferential amounts. The amount
distributed will be in proportion to the number of equity shares held by the shareholders.
E. During the 5 years immediately preceeding March 31, 2026, there are no shares allotted as fully
paid up pursuant to contract(s) without payment being received in cash. Also, there are no shares
allotted as fully paid up by way of bonus shares.
14.1 Nature and Purpose of various items in other equity
(a) Securities Premium
Securities premium reserve is used to record the premium on issue of shares. The reserve is utilised
in accordance with the provisions of the Companies Act, 2013.
b) Capital Reserve
The company recognises profit or loss on purchase / sale of the equity instruments in case of merger
to capital reserve.
(c) General Reserve
The company has transferred a its net profit before declaring dividend or a portion of net profit kept
separately for future purpose is disclosed as general reserve.
(d) Retained Earnings
Retained earnings are the profits that the Company has earned till date, less any transfer to General
Reserve, dividends or other distributions paid to the shareholders.
14.2 Fair value gains/(losses) (net of tax) on equity instruments designated at fair value through
other comprehensive income are insignificant and have accordingly been included within Retained
Earnings.
B. Borrowings Obtained on The Basis of Security of Current Assets
As per sanctioned letter issued by Banks, the Company is required to submit Inventory Statement
and Book Debts statement to Banks on monthly basis. The Inventory Statements are in agreement
with books of accounts. The Books Debts are in agreement with books of accounts.
C. There is no charge or satisfaction of charge which is yet to be registered with ROC beyond the
statutory period.
D. Utilisation of Borrowed Funds and Share Premium
As on March 31,2026, there is no unutilised borrowed funds and securities premium. The securities
premium, long-term and short term borrowed funds from banks and financial institutions have been
utilised for the specific purpose for which the funds were raised.
E. Wilful Defaulter
The company is not declared as wilful defaulter by bank, financial institutions or other lender.
Movement in contract liabilities (advance from customers)
Contract liabilities (advance from customers / unearned subscription) moved from ?10.18 lakhs as
at 31 March 2025 to ?11.45 lakhs as at 31 March 2026, and substantially the entire opening balance
was recognised as revenue during the year. Revenue is recognised at a point in time on publication/
airing/display of advertisements and delivery of publications, and over time for e-paper subscriptions;
no significant judgements are involved other than the estimation of volume discounts based on
contractual terms.The Company's contracts with customers have an original expected duration of one
year or less; accordingly, the practical expedient in Ind AS 115.121 has been applied and information
about remaining performance obligations has not been disclosed.
(i) Additional bonus liability for the F.Y. 2014-15 owing to amendment made in "The Payment of Bonus Act, 1965" w.e.f.
April 01, 2014, has not been provided for as the matter is subjudice before various High Courts in the Country.
(ii) The Hon'ble Supreme Court of India ("SC") by their order dated 28 February 2019, in the case of Surya Roshani Limited
& others v/s EPFO, set out the principles based on which allowances paid to the employees should be identified for
inclusion in basic wages for the purposes of computation of Provident Fund contribution. The Company has provided
the impact of the said supreme court judgement with effect from 1 January 2020. In view of the management, any
additional liability for the period from date of the SC order (28 February 2019) to 31 December 2019 is not material
and hence have not been provided in the books of account. In addition, management is of the view that there is a
considerable uncertainty around the timing and extent in which the judgement will be interpreted and applied by the
regulatory authorities and accordingly, the impact for periods prior to the date SC order (28 February 2019), if any, is
not ascertainable and consequently no financial effect has been provided for in the standalone financial statements.
Accordingly, this has been disclosed as a contingent liability in the standalone financial statements.
(iii) It is not practicable to estimate the timing of cash outflows, if any, in respect of matters stated above, pending reso¬
lution of the proceedings.
(iv) The Income-Tax Department had carried out a search operation at the Company's various business premises and
residential premises of promoters and certain key employees of the company, under Section 132 of the Income-tax
Act, 1961 on September 08, 2021. The Company had made the necessary disclosures to the stock exchanges in this
regard on September 12, 2021, in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015 (as amend¬
ed). During the year, the company has received assessment order for AY 2018-19, whereby, the tax liabilities of INR
43.22 Lakhs has been determined. The company has filed rectification letter u/s 154 of the Income Tax Act, 1961.
Subsequent to the year end, the Company received an appellate order dated May 08, 2026 from the Commissioner
of Income Tax (Appeals) for AY 2021-22 and AY 2022-23, whereby the appeal has been partly allowed and addition of
income has been restricted to INR 3.64 Lakhs and 3.50 Lakhs respectively. Accordingly, the possible financial impact,
if any, in respect of AY 2021-22 and AY 2022-23 is presently restricted to tax, interest and penalty, if any, applicable
on the aforesaid sustained addition. The company is taking appropriate steps in the matter based on the legal advice.
Based on the above, Management believes that these developments are unlikely to have a significant impact on the
Company's financial position as of March 31,2026, and its performance for the year ended on that date as presented
in these standalone financial statements.
31. Segment Reporting
A. The Chief Operating Decision Maker i.e. The Board of Directors, has determined the operating
segment based on the nature and services, risk and return, internal organization structure and
internal performance reporting system. The company is presently engaged in the business of
print media, audio video media through its various mode of operations and Technology and
Allied Business. Accordingly the company has organised its operations into following categories
(i) Media and Allied Business (ii) Technology and Allied Business
B. Information about major customers
Revenue from a two external customer amounted to ? 708.52 lakhs (previous year ? 793.71 lakhs),
representing more than 10% of the Company's total revenue, and is included in the Technology
and Allied Business and ? 1,773.14 lakhs (previous year ? 1,791.29 lakhs), is included in the Media
and Allied Business segment.
C. Information about geographical areas
i. Segment revenue from "Media Segment" represents revenue generated from external
customers which is fully attributable to the company's country of domicile i.e. India.
i. The Segment information is prepared in confirmity with the accounting policies adopted for
preparing and presenting the financial statement.
ii. Above segment reports have been derived and prepared on the basis of reports and MIS
generated by the Customized ERP Software.
iii. Unallocated income includes net gain on sale of investment and Property, Plant and Equipment,
Rent Income,Unallocated Interest Income and net gain on financial assets mandatory measured
at fair value through profit or loss.
iv. Segment assets include tangible, intangible, current and non-current assets and exclude current
and non-current investment, deferred tax assets (net), cash and bank balance, fixed deposits and
current tax (net).
32. Disclosures As Required By Ind AS 19 Employee Benefits
The Company has classified the various benefits provided to employees as under:-
(a) Defined contribution plans
• Provident fund
• The Company has recognized the following amounts in the statement of profit and loss:
• Employers' contribution to provident fund :- Current Year ? 3.95 Lakhs (Previous Year ? 3.37
Lakhs)
(b) Defined benefit plans
• Gratuity
• Compensated absences - Earned leave
• In accordance with Indian Accounting Standard 19, actuarial valuation have been carried out in
respect of the aforesaid defined benefit plans based on the following assumptions-
Economic Assumptions
The discount rate and salary increases assumed are the key financial assumptions and should be
considered together; it is the difference or 'gap' between these rates which is more important than
the individual rates in isolation.
Discount Rate
The discounting rate is based on the gross redemption yield on medium to long term risk free
investments. The estimated term of the benefits/obligations works out to zero years. For the current
valuation a discount rate of 7.53% p.a. (Previous Year 6.82% p.a.) compound has been used for
gratuity obligation.
Salary Escalation Rate
The salary escalation rate usually consists of at least three components, viz. regular increments,
price inflation and promotional increases. In addition to this any commitments by the management
regarding future salary increases and the Company's philosophy towards employee remuneration
are also to be taken into account. Again a long-term view as to trend in salary increase rates has to be
taken rather than be guided by the escalation rates experienced in the immediate past, if they have
been influenced by unusual factors.
The entire plan assets of the gratuity fund are held with the Life Insurance Corporation of India (LIC)
under a qualifying insurance policy and comprise a single class of insurer-managed funds (unquoted);
accordingly, no further disaggregation of plan assets by category is applicable.
32.1 On 21 November 2025, the Government of India notified the four Labour Codes - the Code on
Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupa¬
tional Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The
Ministry of Labour & Employment published draft Central Rules and FAQs to enable assessment of
the financial impact due to changes in regulations. The Company has re-assessed its liability for Gra¬
tuity and Leave Encashment using this revised wage base.The resulting increase in the Present Value
of Defined Benefit Obligation (PVDBO) has been recognized as a past service cost in the statement
of Profit & Loss and as a experience adjustment in Other Comprehensive Income. The company con¬
tinues to monitor the finalisation of the central and state rules and any further clarifications issued
by the Government under the new labour codes, and will record any changes in the period in which
such update arise.
33. Derivative Instruments
The company does not have any foreign currency exposure as on March 31, 2026 as well as March
31,2025.
34. Related Party Disclosures As Per Ind AS-24(A) Name of related party and nature of relationship1. Subsidiaries
Ved Technoserve India Private Limited (Subsidiary)
2. Associates
Gujarat News Broadcasters Private Limited (w.e.f December 4, 2025)
4. Close Member of Key Management Personnel
Mr. Akash Pavra
5. Enterprises significantly influenced by Key Managerial Personnel
Nila Infrastructures Limited
Nila Spaces Limited
Gujarat News Broadcasters Private limited (Upto December 3, 2025)
Ahmedabad Radio and Mast Services Private Limited
Note:
Balance Outstanding
i. The above related party transactions have been reviewed and approved by the Board of Director/
Audit Committee in accordance with the provisions of Companies Act, 2013, SEBI LODR and policy
of the Company.
ii. The details of guarantees and collaterals extended by the related parties in respect of borrowings
of the Company have been given at the respective notes. The company has disclosed guarantee
amount to the extent of outstanding balance of borrowing amount.
36.Leases
As Lessor:
The Company's significant leasing arrangement is in respect of office premise let out under an
operating lease. This lease agreement is for a period of 12 months and is usually renewable by mutual
consent on mutually agreeable terms. Since the lease term is for 12 months or less and does not
contain a purchase option, the arrangement does not meet the criteria for classification as a finance
lease and is accordingly accounted for as an "Operating Lease" as per Ind AS 116, Leases. The lease
income recognised in respect of the above arrangement during the year is ? 51.55 lakhs (P.Y. ? 49.87
lakhs). Further, there are no lease payments receivable beyond one year.
As Lessee:
The Company has entered into lease contracts for office premises and other properties on lease,
with lease terms between one to fifteen years. Company has paid short-term lease rent of ?15.90
lakhs (P.Y. ?15.28 lakhs). The Company does not have any leases of low-value assets. The total cash
outflow for leases during the year, including short-term lease payments, is ?104.52 lakhs (previous
year ?151.42 lakhs). There are several lease contracts that include extension and termination options
and variable lease payments, which are further discussed below.
37. Discontinued operation
The execution of the contract awarded by Gujarat State Road Transport Corporation Limited ("GSRTC")
to Sambhaav Media Limited in respect of Implementaion of Public Entertainment System ("The
Contract") on Built, Own & Operate basis was surrendered on 12.09.2022. The Company was able
to realise most of its inventory and trade recevables without any losses. The Properties, Plant and
Equipments have been transferred to "asset held for sale" at the values they are likely to realise and
would be disposed at the earliest. As per Ind AS 105 " Discontinued Operation", the operations of the
contract are considered as Discontinued Operations and the financials are presented for Continued
Operations, with profitability of the Discontinued Operations disclosed as a separate line item.
B. Assets and liabilities classified as held for sale:
There is no assets and liabilities classified as held for sale as on March 31, 2026 and March 31,2025.
38. Financial Instruments - Accounting Classifications and Fair Value Measurements
The fair values of the financial assets and liabilities are included at the amount at which the instrument
could be exchanged in a current transaction between willing parties, other than in a forced or
liquidation sale.
The following methods and assumptions were used to estimate the fair values:
1. Fair values of cash and short term deposits, trade and other short term receivables, trade
payables, other current liabilities, short term loans from banks and other financial institutions
approximate their carrying amounts largely due to short-term maturities of these instruments.
2. Financial instruments with fixed and variable interest rates are evaluated by the Company based
on parameters such as interest rates and individual credit worthiness of the counterparty. Based
on the evaluation, allowances are taken to account for the expected losses of these receivables.
The company uses the following hierarchy for determining and disclosing the fair values of financial
instruments by valuation technique:
Level 1 : Quoted (unadjusted) prices in active markets for identical assets or liabilities.
Level 2 : Other techniques for which all inputs which have a significant effects on the recorded fair
value are observable, either directly or indirectly.
Level 3 : Techniques which use inputs that have a significant effects on the recorded fair value that
are not based on observable market data.
Note : During the reporting period ending March 31, 2026 and March 31, 2025, there were no
transfers between Level 1 and Level 2 fair value measurements.
39. Financial Risk Management Objectives And Policies
The Company's principal financial liabilities, other than derivatives, comprise loans and borrowings,
lease liabilities, trade and other payables. The main purpose of these financial liabilities is to finance
the Company's operations. The Company's principal financial assets include loans, trade and other
receivables, and cash and cash equivalents that derive directly from its operations. The Company also
holds quoted and unquoted investments .
The Company is exposed to market risk, credit risk and liquidity risk. The Company's senior
management oversees the management of these risks. The Company's senior management ensures
that the Company's financial risk activities are governed by appropriate policies and procedures and
that financial risks are identified, measured and managed in accordance with the Company's policies
and risk objectives.
A. Market risk
Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate
because of changes in market prices. Market risk comprises two types of risk: currency risk and other
price risk, such as equity price risk and commodity risk. Financial instruments affected by market risk
include deposits, investments, derivative financial instruments and borrowings.
B. Interest rate risk
Interest rate risk is the risk that fair value or future cash flows of a financial instrument will fluctuate
because of changes in market interest rates. The company's liquidity and borrowing's are managed
by professional at senior management level. The interest rate exposure of the Company is reduced
by matching the duration of investment and borrowings. The interest rate profile of the Company's
interest - bearing financial instrument as reported to management is as follows:
Interest rate sensitivity
Profit or loss is sensitive to higher/lower interest expense from borrowings as a result of change in
interest rates. The following table demonstrates the sensitivity of floating rate financial instruments
to a reasonably possible change in interest rates. The risk estimates provided assume a parallel shift
of 100 basis points interest rate across all yield curves. This calculation also assumes that the change
occurs at the balance sheet date and has been calculated based on risk exposures outstanding as at
that date. The period end balances are not necessarily representative of the average debt outstand¬
ing during the period.
C. Foreign currency risk
The Company does not have any foreign currency exposure as on March 31, 2026 as well as March
31,2025.
D. Credit risk
Credit risk arises from the possibility that counter party may not be able to settle their obligations
as agreed. To manage this, the Company periodically assesses the financial reliability of customers,
taking into account the financial condition, current economic trends, and analysis of historical bad
debts and ageing of accounts receivable. Individual risk limits are set accordingly.
The Company considers the probability of default upon initial recognition of asset and whether there
has been a significant increase in credit risk on an ongoing basis throughout each reporting period.
To assess whether there is significant increase in credit risk the company compares the risk of a de¬
fault occurring at the reporting date with the risk of default as the date of initial recognition. It consid¬
ers reasonable and supportive forwarding-looking information such as:
i. Actual or expected significant adverse changes in business,
ii. Actual or expected significant changes in the operating result of the counterparty's business,
iii. Financial or economic conditions that are expected to cause a significant change to the counter¬
party's ability to mere its obligation,
iv. Significant increase in credit risk on other financial instruments of the same counterparty,
v. Significant changes in the value of the collateral supporting the obligation or in the quality of
third-party guarantees or credit enhancements.
Financial assets are written off when there is no reasonable expectation of recovery, such as a debtor
failing to engage in a repayment plan with the Company. The Company categorises a loan or receiv¬
able for write off when a debtor fails to make contractual payments greater than 3 years past due.
Where loans or receivables have been written off, the Company continues to engage in enforcement
activity to attempt to recover the receivable due. Where recoveries are made, these are recognised
in profit or loss.
The company has assets where the counter- parties have sufficient capacity to meet the obligations
and where the risk of default is very low. Hence, based on historic default rates, the Company believes
that no impairment allowance is necessary in respect of above mentioned financial assets.
E. Liquidity Risk
Liquidity Risk is defined as the risk that the company will not be able to settle or meet its obligations
on time or at reasonable price. The company's treasury department is responsible for liquidity,
funding as well as settlement management. In addition, processes and policies related to such risks
are overseen by senior management. Management monitors the company's net liquidity position
through rolling forecast on the basis of expected cash flows.
Maturity profile of financial liabilities
The table below provides details regarding the remaining contractual maturities of financial liabilities
at the reporting date based on contractual undiscounted payments.
Capital management
For the purposes of the Company's capital management, capital includes issued capital and all
other equity reserves. The primary objective of the Company's Capital Management is to maximise
shareholder value. The company manages its capital structure and makes adjustments in the light of
changes in economic environment and the requirement of the financial covenants.
42. Utilisation of Borrowed Funds and Share Premium
i. The Company has not advanced or loaned or invested funds (either borrowed funds or share
premium or any other sources or kind of funds) to any other person(s), entity(ies) including
foreign entities (intermediaries) with the understanding that the intermediary shall directly or
indirectly lend or invest in other person or entities identified in any manner whatsoever by or on
behalf of the Company (ultimate benificiaries) or provide any guarantee, security of the like to or
on behalf of the ultimate benificiary.
ii. The Company has not received any from any person(s), entity(ies) including foreign entities
(funding party with the understanding that the Company shall directly or indirectly lend or invest
in other person or entities identified in any manner whatsoever by or on behalf of the Funding
party (ultimate beneficies) or provide any guarantee, security of the like to or on behalf of the
ultimate beneficiary.
43. Relationship and Transactions with struckoff companies
The Company has not entered into any transaction with Struck off companies under section 248 of
Companies Act, 2013 or section 560 of Companies Act, 1956. Further, there is no balance oustanding
with struckoff companies.
44. Compliance with number of layers of companies
The Company has complies with the number of layers prescribed under clause (87) of Section 2 of the
Companies Act, 2013 read with Companies (Restriction on number of Layers) Rules, 2017.
45. Compliance with approved Scheme(s) of Arrangements
No scheme of arrangement has been approved by the competent authority in terms of Section 230
to 237 of the Companies Act, 2013.
46. Details of Crypto Currency or Virtual Currency
The Company has not traded or invested in crypto currency or virtual currency during the financial
year.
47. Undisclosed Income
The Company does not have any such transaction which is not recorded in the books of accounts
that has been surrendered or disclosed as income during the year in the tax assessments under the
Income Tax Act, 1961 ( Such as, search or survey or any other relevant provisions of the Income Tax
Act, 1961).
48. Wilful Defaulter
The Company has not been declared a Wilful Defaulter by any bank, financial institution or other
lender during the year or after the reporting period.
49. Corporate Social Responsibility
The provisions of Section 135 of the Companies Act, 2013 relating to Corporate Social Responsibility
(CSR) are not applicable to the Company, as the Company does not meet the threshold limits
prescribed thereunder in respect of Net Worth, Turnover or Net Profit, based on the audited financial
statements for the financial year ended March 31, 2026. Accordingly, no amount is required to be
spent on CSR activities during the financial year ended March 31,2026.
50. Audit Trail
The company, has used accounting software for maintaining its books of accounts, which has a
feature of recording audit trail (edit log) facility and the same has operated throughout the year for
all relevant transactions recorded in the software except the audit trail feature was not available
for master data changes.The audit trail has been preserved by the company as per the statutory
requirements for records retention.
51. Impairment of assets
The Company has carried out an assessment, in accordance with Ind AS 36 Impairment
of Investment, Property Plant & Equipment and other others, to determine whether there
exists any indication that its non-financial assets may be impaired as at 31 March 2026.
Based on such assessment and the evaluation of relevant internal and external factors, management
is of the view that the recoverable amounts of the aforesaid assets are higher than their respective
carrying amounts. Accordingly, no impairment provision is considered necessary in the financial
statements for the year ended 31 March 2026.
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